- The DOT Prize addresses a critical escape point after rebounded from a descending corner structure.
- Liquidation clusters and net outputs strengthen the bullish momentum near the resistance level of $ 3.82.
Polkadot (point) shows the first signs of a bullish reversal, marked by a signal for sequential TD purchase on the 4 hour graph and a decisive test of the descending resistance.
At the time of the press, DOT exchanged $ 3.66, marking a daily gain of 4.93%, or on a momentum renewed behind the move.
This rebound brings Altcoin directly under the resistance of $ 3.82 – a critical barrier which has always rejected attempts up. If the bulls return this area in support, the next leg could extend around $ 4.78.
However, failure here could withdraw the point from $ 3.27. This help would preserve the corner structure and probably delay any sustained reversal.
Source: tradingView
Point traders prudenly optimistic
The technical perspectives of dowry began to look in favor of the Bulls.
The 9 -day mobile average has now crossed the 21 -day MA around $ 3.61, signaling an early bullish crossover. Therefore, short -term momentum seems to move.
In addition, the Directional Movement Index (DMI) showed an ADX reading of 31.98, confirming the presence of a strong trend.
Although the -Di always exceeds the + DI, the decreasing gap suggested that the down pressure was gradually fell.
Source: tradingView
Meanwhile, merchants on the derivative markets were cautiously leaned optimistic. The long / short ratio oscillated at 1.0137, with 50.34% of the positions refined for a long time.
Although it was not aggressively optimistic, the slight inclination reflected the expectations of upward continuation, especially if dowry cracks the ceiling of $ 3.82.
Whales withdraw as the bulls emerge
Coinglass data revealed a dense group of short liquidations between $ 3.70 and $ 3.83. A The rupture above this beach could force the sellers open to leaving, triggering a liquidation cascade which leads to the even higher price.
This liquidity pocket could serve as fuel for the rally in small dowry groups.
Source: Coringlass
The point exchange flow on April 17 supported the Haussier affair. Outings reached $ 4.56 million, exceeding $ 4.42 million inputs.
Thus, more points have been removed from exchanges, indicating reduced sales pressure and possible accumulation.
When combined with technical momentum and based on feeling, these data strengthen the argument that DOT is preparing for a significant directional movement.
Will Dot finally recover Haussier control?
All signs suggest that Polkadot is preparing to challenge a critical resistance zone. Haussier crossing, resistance to upward trend and exchange outings point to strengthening the momentum.
However, the resistance of $ 3.82 is still the final barrier.
If Dot breaks and holds above this level, the rally could speed up to $ 4.78. Otherwise, another rejection could block escape and reintroduce the short -term down pressure.
